Are you tired of seeing your stock portfolio underperforming and losing money? Don't fret, there is a silver lining to your stock losses: they can be turned into tax wins. In this video, we will be discussing a tax strategy called "tax-loss harvesting" that can help you minimize your tax liabilities while optimizing your portfolio's returns.

Tax-loss harvesting involves selling losing investments to offset gains and reduce your tax burden. This is achieved by selling investments that have lost value and then reinvesting the proceeds in similar but not identical securities to maintain the market exposure of your portfolio. By doing so, you can reduce your capital gains tax liability, and in some cases, even receive a tax deduction that can be carried forward for future years.

In this video, we will go over the basics of tax-loss harvesting and provide practical examples of how you can use this strategy to your advantage. We will also cover the rules and limitations of tax-loss harvesting, including the wash-sale rule, which prohibits buying back the same or similar securities within 30 days of the sale.

By the end of this video, you will have a clear understanding of how tax-loss harvesting works and how it can benefit your investment portfolio. So, if you want to learn how to turn your stock losses into tax wins, watch this video now!

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